Discussion on the Digital Asset Market Clarity Act... U.S. Spot Bitcoin ETFs See Net Inflows for 7 Straight Days [Crypto Briefing]

[Financial News] Twelve spot Bitcoin ETFs listed on the U.S. stock market recorded net inflows for seven consecutive trading days recently. As discussions continue in the United States Senate over the Digital Asset Market Clarity Act, a bill on the market structure for virtual assets, cumulative net inflows into spot Bitcoin ETFs have surpassed $51.9 billion. In step with the proactive strategies being pursued by the U.S. Congress and Wall Street, which are shaping the global direction of virtual asset regulation, the Government of the Republic of Korea also plans to push for legislation on the General Act on Digital Assets in the second half of this year and support laws and institutions related to virtual asset spot ETFs.
According to Farside Investors on the 23rd, the 12 spot Bitcoin ETFs listed on the U.S. stock market posted net inflows for seven straight trading days from the 14th to the 22nd. Combined net inflows during that period came to $999.3 million. Although net outflows were seen earlier this month, the funds have shown a steady inflow trend over the past week amid the ongoing debate in the U.S. Congress.
As a result, cumulative net inflows since the launch of U.S. spot Bitcoin ETFs have risen to $51.904 billion. The ETFs tracked by Farside Investors include BlackRock IBIT, Fidelity FBTC, Bitwise BITB, Ark 21Shares ARKB, Invesco BTCO, Franklin Templeton EZBC, CoinShares BRRR, VanEck HODL, WisdomTree BTCW, Morgan Stanley MSBT, and Grayscale GBTC and BTC.
Recent funds have been concentrated in BlackRock's IBIT. Over the seven trading days, IBIT recorded $708.8 million in net inflows, accounting for 70.9% of total net inflows. Fidelity FBTC drew $133.2 million, Ark 21Shares ARKB received $86 million, and Bitwise BITB took in $32.7 million.
By contrast, Grayscale's legacy GBTC product saw net outflows of $45.4 million on the 20th and $38.3 million on the 22nd. Grayscale BTC, which carries relatively lower fees, recorded net inflows of $102.4 million over the same period.
On a cumulative basis, IBIT has attracted the largest net inflows at $60.809 billion. It was followed by FBTC with $10.048 billion, BTC with $2.627 billion, BITB with $2.01 billion, and ARKB with $1.337 billion. GBTC has seen cumulative net outflows of $27.416 billion since its launch.
According to CoinMarketCap, Bitcoin was trading at $65,703 as of 3:30 p.m. that day, up 1.72% over the past week. KB Securities said inflows into spot Bitcoin ETFs are supporting Bitcoin's price trend.
Regulatory discussions in the U.S. Congress are also drawing market attention. In the Senate, legislative procedures are under way for the Digital Asset Market Clarity Act, which defines regulatory jurisdiction over virtual assets and sets operating standards for market participants. The bill text released by the United States Senate Committee on Banking, Housing, and Urban Affairs includes ethics provisions that would restrict virtual asset issuance and sponsorship by federal officials and their spouses.
However, final passage remains uncertain. Democratic Party senators said during the review process that the bill needs stronger provisions on conflicts of interest for elected officials, consumer and investor protection, and market integrity. Separate from the progress of the discussions, additional political negotiations will be needed before the bill can be finalized.
The Government of the Republic of Korea is also moving to improve its regulatory framework for virtual assets. According to the economic growth strategy for the second half of the year, jointly announced by relevant ministries, the government plans to push ahead in the second half with legislation for the General Act on Digital Assets, which will cover the classification of the digital asset industry, business conduct regulations, and the institutionalization of stablecoins. In particular, it said it will support the amendment of the Financial Investment Services and Capital Markets Act in relation to spot Bitcoin ETFs.
If the government's support for legislation becomes clearer, further discussions are expected on the legal status of virtual assets, valuation of underlying assets, custody and safekeeping systems, the responsibilities of exchanges and asset managers, and investor protection standards.
A virtual asset industry official said, "As net inflows continue into U.S. spot Bitcoin ETFs, South Korea's push for second-stage digital asset legislation and support for amendments to the capital markets law will be an important turning point for building a foundation for domestic institutional investor participation in the market."

[email protected] Kim Mi-hee Reporter